Nebraska Statutes 44-509. Policies; invalid provisions; construction
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A policy issued in violation of sections 44-501 to 44-508 shall be held valid, but shall be construed as provided herein, and when any provision in such a policy is in conflict with any provision hereof, the rights, duties and obligations of the company, policyholder and the beneficiary shall be governed by the provisions of such sections.
Source
- Laws 1913, c. 154, § 107, p. 453;
- R.S.1913, § 3244;
- Laws 1919, c. 190, tit. V, art. VII, § 8, p. 634;
- C.S.1922, § 7843;
- C.S.1929, § 44-608;
- R.S.1943, § 44-509.
Terms Used In Nebraska Statutes 44-509
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801